Dietmar Ostermann Sells 3,351 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 3,351 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $4.45, for a total transaction of $14,911.95. Following the transaction, the director owned 79,593 shares in the company, valued at $354,188.85. This represents a 4.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

XOS Price Performance

XOS opened at $4.27 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89. The stock has a market capitalization of $51.75 million, a P/E ratio of -2.16 and a beta of 1.81. The company’s 50-day simple moving average is $2.28 and its two-hundred day simple moving average is $2.21. Xos, Inc. has a 52-week low of $1.60 and a 52-week high of $8.27.

XOS (NASDAQ:XOS) last posted its earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.29. The business had revenue of $11.23 million for the quarter, compared to analysts’ expectations of $6.23 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. As a group, analysts predict that Xos, Inc. will post -2.29 EPS for the current year.

Institutional Investors Weigh In On XOS

A number of hedge funds have recently modified their holdings of the business. Two Sigma Investments LP bought a new stake in shares of XOS during the 3rd quarter valued at $331,000. Geode Capital Management LLC grew its position in shares of XOS by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after acquiring an additional 16,357 shares during the period. DRW Securities LLC bought a new stake in shares of XOS during the 4th quarter valued at $33,000. Finally, Citadel Advisors LLC bought a new stake in shares of XOS during the 3rd quarter valued at $27,000. Institutional investors own 12.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on XOS. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

XOS Company Profile

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.